NorthWest Biotherapeutics Inc (NWBO)

[HappyLibrarian]

Disinformation warning. No one in the company ever suggested or indicated a reverse split is occurring or needed. That is only disinformation spread by anonymous online hacks.

Strictly speaking that is true, however I don't think NWBO would necessarily warn us in advance if they intended a reverse split, especially given their communication style.

The company has done one or two R/S's in its history before so it's not unthinkable for them.

In fact, there was going to be yet another time, back in late 2016 when they intended to spring the bad news on us with a special meeting and only held off because the Nasdaq would not work with them on staying listed even if they did an R/S to appease them.

The Company had planned to conduct a Special Meeting shortly after the upcoming Annual Meeting, to obtain shareholder approval for the reverse split and the plan of remediation proposed to the Nasdaq Staff. However, since the plan of remediation was not accepted, the Company is not currently proceeding with the Special Meeting or the reverse stock split [emphasis added].

Now there is no Nasdaq to restrain them and so if they decide it's the most expedient way to get listed they might do it, and no, they are not likely to warn us beforehand. If anything they will hope the warm glow of approval and the prospect of uplisting etc. will cause us to swallow the R/S without a murmur.

Every month we await approval and keep getting diluted at these fire sale prices makes it a taller and taller mountain to climb for us to get to a sufficiently high uplisting price via legitimate, organic growth post approval and this is especially true if NWBO decides to keep sitting on their hands when it comes to investor and media relations.

So while I think some folks are using the R/S talk as a scare tactic, pretending that the prospect is 'only disinformation' is equally unreasonable.